Parsian Oil & Gas Development Group Co.

Parsian Oil and Gas Development Group (public joint stock) was initially registered under the name of Alvand Ghadir Development Company on 30.07.2007 at the Company Registration Department of Iran. Subsequently, the company’s name was changed to Parsian Oil and Gas Development Co. (private joint stock) in February 2011. With the aim of developing its activities, the company was renamed Parsian Oil and Gas Development Group (public joint stock) on 07.12.2011. The company’s request for admission to the Tehran Stock Exchange was processed and approved, and subsequently its shares were registered on the stock market on 15.02.2012. At present, Parsian Oil and Gas Development Group has a registered capital equivalent of 40,500 billion Rials.